Exam 18: Global Opportunities for Small Business

Match the term with its definition.Some terms may not be used. a.Born-global firms b.Cross-border acquisition c.Exporting d.Globalization e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -The expansion of international business

When the exchange rate for a currency rises relative to that of another country,the rising currency

Match the term with its definition.Some terms may not be used. a.Born-global firms b.Cross-border acquisition c.Exporting d.Globalization e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -An agency that distributes a company's products on a contract basis to customers in another country

Globalization explains the increasing similarity of markets around the world.

Nicole is the CEO of a small business which is looking to expand globally.She wants to move her business to a European country and feels that is where the product will be most profitable.What are three challenges that Nicole needs to analyze for the area in which she is considering expanding her company?

Match the term with its definition.Some terms may not be used. a.Born-global firms b.Cross-border acquisition c.Exporting d.Globalization e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -A wholly owned subsidiary formed from scratch in another country

Match the term with its definition.Some terms may not be used. a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -Per-unit savings gained from repeated production of the same product

Learning effects occur when

Some small firms choose to outsource internationally in order to

Match the term with its definition.Some terms may not be used. a.Born-global firms b.Cross-border acquisition c.Exporting d.Globalization e.Greenfield venture f.Importing g.Offshoring h.Trade intermediary i.Trade mission -A strategy that involved relocating operations abroad

Polly has formed an agreement with a French company to produce and sell her scarves in their ten stores across Europe.The scarves are Polly's original designs and are of different colors and fabrics.They will then pay Polly a fee for each scarf they produce.What are the advantages and disadvantages of the globalization strategy Polly will be utilizing?

Allen is considering entering the global marketplace.What question should be answered first?

The Council on Foreign Relations can assist a company in trade laws and payment issues related to global markets.

Describe six strategies that a small firm can use to go global.

Twenty-five percent of the world's population lives in the United States.

Small businesses that are either already or interested in exporting or importing can receive information from the SBA through conferences,seminars,publications and counseling.

China,India and Russia are classified as moderately challenging according to the World Bank's Ease of Doing Business Index.

Match the term with its definition.Some terms may not be used. a.Economic risk b.Experience curve efficiencies c.Foreign licensing d.International franchising e.International outsourcing f.International strategic alliance g.Learning effects h.Licensee i.Licensor -The company selling licensing rights

International dissimilarities in language and culture,business practices,and government regulations are increasing over time.

Edward is a young entrepreneur with grand plans,including international expansion of his new company.Once that decision is made,Edwards next step is to: